CADJPY onto short term bearishTechnically
The pair has broke the upward wedge and the price action since the start of the year when it has broke the upward wedge was the short term bearish trend with potential of up to 150 pips for a sell set-up.
Fundamentally
The pair will likely get a bearish momentum followed by the recent record breaking inflation in Canada. The central bank previously hiked rates by 100 bps but it will likely delay another hike owing to slow down in inflation expectation as a result of recent decline in oil price. Thus the existing high inflation and potential decline in speed to hike rates will likely impact and reduce the value of the Canadian Dollar in the short term until month end.
For Japan, the big Yen driver has been the CPI data and inflation which according to data it has remained elevated above central bank target of 2%, however, with the same reasons of decline in commodities prices especially oil, this will implies a potential slowdown in Japanese inflation within central bank's target which will imply Japanese Yen gaining strength.
Pipsfordays
CAUGHT UP IN THE RAPTURE OF PIPS!The market as a strict schedule it adheres to after a certain our.
These Moves happen Daily.
figure this route out and you've found your Broken Slot Machine.
My team and I Slaughtered the Dip at 2AM. MET TRADE
I KNOW the schedule so I popped this trade and went to sleep.
Woke up in the Rapture of PIPS.
Now we wait for another set up:)
Never Over Leverage.
Trust your trade set up. Always allow the trade set up to manifest. Proper leverage allows you to do this with no stress.
Have Fun!
7/16/22 EURUSD Daily chartWe can clearly see we have a big downtrend going on with EURUSD on daily and it's respecting the channel it has created making new lower low levels.
We have the supply area around the level of 1.03926 which from there we can see a big push towards the new lower level at 0.99545 and which we have been seeing a consolidation in the past week making it our support area.
The week ended with a good green candlestick engulfing the previous red one we had, making it a really good confirmation of a possible reversal towards the supply area.
We also have the indicator MACD which is confirming us that sellers are losing power giving it an extra boost for the pushback towards the supply area.
GBP/AUD: Break-out trend lineIn H1 timeframe, GBP/AUD made this break-out in H1 timeframe and I believe that the price it's moving to the key zone to watch $1.7482 AUD becuse in that point could be a good confluence to entry in the bought.
If you see very carefully, we're in the bullish trend in GBP/AUD following this bought zone.
Also, I will going to entry in short position add a sell order limit in the price of $1.7594 AUD. The Stop Loss around $1.7663 AUD (60 pips) and target to $1.7482 AUD (120 pips)
This it's the H4 timeframe and I see the following perspective. First, GBP/AUD will lead to the blue order block to find up a possible demand in this zone. and then, to watch what could to happen, it's one of the following model that I draw to take in perspective depending the price action. First, if I see any break-out of this blue zone and if make a pull back like resistance zone, then I will re-entry in short. But in case that trying to break-out the blue zone, but bulls forming a demand zone, then I will bought in that smart zone to watch!!!
I hope that this analysis and idea support you in your Forex trade
Good luck!!!
EUR/CAD: bullish perspectiveEuro/Canadian Dollar it's look bullish in this side. But this it's a good position to take note right now.
So, I will open up a buy order limit exactly in the price of $1.3592 CAD and SL to $1.3544 CAD (48 pips) and my own target to $1.3710 CAD (118 pips)
The H4 it's bullish
Now, the H1 timeframe, I hope that the price make a activate the key buy order limit below of the market price becuase there're some order to being activate in this trade. Also, I have another point to monitoring the price of $1.3689 CAD to watch this possible key manipulation in that price.
I hope that this idea support you
AUD/CAD: Double break outAustralian Dollar/Canadian Dollar show today a weakness in the trend what I think that this will be a sell inminent.
So guys, firstly, I want to share all screenshot that you can to learn here this strategy what I found out in this Forex par.
Fist, in H1 timeframe, we see a double break out. So, we see the following:
We are in the key yellow resistance reaction in that zone and also we forming an ABCD bearish pattern and also a higher high in the price action and higher low in the RSI indicate a change of trend.
Also, you can to note very clear that we forming this bearish channel flag pattern and also the break out and retest in that zone making in the price higher low right now. But, you should to note that AUD/CAD has a measure to formin an ABCD bearish pattern, it's the 0.382% Fibonacci.
And then, measure the 2nd Fibonacci for Harmonic, the price that stop was around in the level of 1.619% Fiboancci level. All of them, it's required to complete the minimum measure in the ABCD bearish pattern.
So guys, technically I'm very enfocous what happen in H4 and H1 timeframe that we forming a double break-out very surely to entry to a sell in AUD/CAD. Also, I share in the green box the targes that I consider in this position with pips potential to earn. So, guys, I made an entry around $0.9392 CAD and I put my SL to $0.9427 CAD and also, I have my target to $0.9321 CAD to fulfill these targets if AUDCAD have success this trade.
Good luck!!!
EUR/AUD: Update short posiitonIn this update, as in this morning I entry to shorting Euro/Australian Dollar. Around of $1.5196 AUD, was my sell entry price and I said, Euro it's crashing in front of Australian Dollar. Because Aussie it's strong than Euro in based the recently news and Australia economy it's more optimistic than European economy in based that circumstance of diplomatic negotiations to put end of this war.
In H4 to recall, we forming a nice bearish Harmonic Pattern Crab, but you can to see more better in H1 timeframe. But in this timeframe the key support it's in that yelos zone around $1.4950 AUD and this it's psychological level where supply it's leading down this par. But as yesterday, it's supposed a pull back around of $1.5210 AUD, this it's a clearly manipulated to make liquidations as I knew it from higher at $1.5196 AUD that was my price entry, I entry to shorting this par.
So guys, we down our SL to $1.5211, so our risk it's hand to 17 pips from the price entry to loss. But we minimize and cut our loss. But at least, we're in profit over 90 pips earned for now.
If you follow my Forex signal and analysis, you're in profit an specially in this par Euro/Australian Dollar. So, I holding this posiiton and continue shorting in EUR/AUD toward $1.4947 AUD. My next target and big potentail to earn almost 250 pips, but for now we going earning 90 pips.
Good luck!!!
15 PIPS SERIESHey yall!
I had this idea to start a scalping series which is exactly as it sounds! I will be marking up a couple a pairs a week (3-4), with a take profit of 15 pips. IN AND OUT
Busy at the moment due to the holidays but I would like to get it going as soon as the new year begins.
What do y'all think? Let's interact!
GBPUSD Potential Buy intermediate tradeI have an open buy position on this pair @1.31932. Looking to see price action and market structure to take effect here soon. We have been dropping for the past few weeks steadily but in recent days market structure has begun to be non existent. My take profit for this trade is 1.35 but ill be taking partials along the way up. This pair is long term bearish to me until we can trade above a higher timeframe lower high. If you made it this far, please give this post a like and subscribe for more of my analysis and opinions on the market. If not, have a great day/night and everything in between
EURNZD short ongoing 📉👇My second share of the week is a EURNZD short trade.
Once again POW reversal script is being used for this strategy.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous four trades can be seen on chart also.
This strategy is looking to make it 7 out of 7 trades.
All the trade history and strategy performance can be found in the report box below.
The report box tabs when pressed show all the details of trades taken and logged.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
GBPCHF I'm in a sell position 👍POW EDGE trend strategy in use for this USDCHF trade.
Entry details are shown on the chart.
Trade has been live since 23:00 UK time.
Working the H1 time frame here and we're only looking for TP3.
Previous trades can also be seen on chart.
A successful long and a short that hit SL.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
EURNZD long just alerted 📈🛎️Utilising our POW reversal strategy for this trade a EURNZD short.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Previous trades also can be seen on chart and it's a busy strategy this one.
This is third trade of day and looking to go 3 out of 3.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
GBPUSD Sell Update. MAJOR PROFITS AND MORE TO COMEGBPUSD has played out very well from short positions up @1.38250. Price consolidated up there for a bit but plenty of pips could have been caught from that price. Ive shown two potential plays from market open @ 5PM EST time. We could retrace up to 1.37250 and then continue selling down to 1.365 price point. The second scenario that might not offer another entry could be price pushing straight down to 1.365 at the beginning of the week and making a low. Once price hits 1.365 I will release another markup so you can compare to your charts and see if our analysis lines up. I hope everyone has a profitable trading week. IF not profitable then an educational trading week. Happy Sunday and Happy trading.
USD/CAD TO THE DOWNSIDE PT.2From the previous stop that I had posted, we saw a drastic difference in market structure giving us key giveaways of a continuing downtrend. USD/CAD ended up moving about -536 Pips to the downside. As of now, we seem to have slowed down a bit and are slightly ranging before another major move.